Keybank National Association OH cut its position in Parker-Hannifin Corporation (NYSE:PH – Free Report) by 4.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 390,916 shares of the industrial products company’s stock after selling 16,233 shares during the quarter. Parker-Hannifin makes up 1.3% of Keybank National Association OH’s investment portfolio, making the stock its 16th biggest holding. Keybank National Association OH owned about 0.31% of Parker-Hannifin worth $349,964,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac purchased a new stake in Parker-Hannifin during the 4th quarter valued at approximately $1,253,000. Truist Financial Corp grew its stake in shares of Parker-Hannifin by 2.7% in the 4th quarter. Truist Financial Corp now owns 174,852 shares of the industrial products company’s stock valued at $153,687,000 after purchasing an additional 4,673 shares during the last quarter. Y.D. More Investments Ltd acquired a new position in shares of Parker-Hannifin in the fourth quarter valued at approximately $3,800,000. BCS Wealth Management raised its stake in shares of Parker-Hannifin by 83.3% during the fourth quarter. BCS Wealth Management now owns 3,120 shares of the industrial products company’s stock worth $2,742,000 after purchasing an additional 1,418 shares during the last quarter. Finally, Shepherd Street Advisors LLC purchased a new stake in shares of Parker-Hannifin during the fourth quarter worth approximately $1,736,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on PH shares. Evercore set a $1,064.00 price objective on shares of Parker-Hannifin in a research report on Monday, May 11th. BMO Capital Markets started coverage on shares of Parker-Hannifin in a research note on Friday, March 27th. They set an “outperform” rating and a $1,090.00 price target on the stock. Mizuho set a $1,050.00 price target on shares of Parker-Hannifin in a report on Friday, May 1st. Truist Financial raised their price objective on shares of Parker-Hannifin from $1,147.00 to $1,269.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Wells Fargo & Company lowered their price objective on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Parker-Hannifin currently has an average rating of “Moderate Buy” and an average price target of $1,026.86.
Parker-Hannifin Price Performance
Parker-Hannifin stock opened at $963.45 on Friday. The company has a market cap of $121.48 billion, a P/E ratio of 35.54, a price-to-earnings-growth ratio of 2.58 and a beta of 1.11. Parker-Hannifin Corporation has a one year low of $692.02 and a one year high of $1,034.96. The business has a fifty day moving average of $907.23 and a two-hundred day moving average of $927.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13.
Parker-Hannifin (NYSE:PH – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, topping analysts’ consensus estimates of $7.84 by $0.33. The business had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.40 billion. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the company posted $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. As a group, analysts predict that Parker-Hannifin Corporation will post 31.26 earnings per share for the current fiscal year.
Parker-Hannifin Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were given a dividend of $2.00 per share. The ex-dividend date was Friday, May 8th. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 annualized dividend and a yield of 0.8%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 29.51%.
About Parker-Hannifin
Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.
Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.
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